UK Interdealer Broker TP ICAP to Trade CME’s Bitcoin Futures

UK's TP ICAP will sell Bitcoin's financial derivatives (BTC), Bloomberg announced on June 17th. According to the report, ICAP now enables its clients to purchase or sell Bitcoin's term contracts with the Chicago Mercantile Exchange (CME). In June, stock exchange futures at Chicago Board Options Exchange will expire without plan renewal, leaving CEM alone to offer BTC futures. TP ICAP also hopes to add impracticable term contracts for the largest cryptocurrency, and then plans to open offices in Asia and the United States. Bloomberg says the company has decided to reduce the basic business model: "Average intermediaries have traditionally relied on bank transaction processing, but their volume shrank after the financial crisis. Last year, the KPIS ICAP's 36% loss of market value was abolished. Since then, it has recovered from around 10% to 1.6 billion pounds ($ 2 billion). " The report also states that users must comply with the "Know Your Cust